UAE: Fully committed to OPEC+ deal

Dhwani Mehta FXStreet

Fresh headlines are crossing the wires from the UAE official, via Reuters, citing that it is fully committed to OPEC and its allies (OPEC+) agreement.

The UAE said that it has no "prior stance" ahead of the upcoming OPEC+ meeting.

The OPEC+ is due to meet next week to discuss output policy.

Market reaction

WTI is trading modestly flat around $78.50, as of writing, lacking a fresh impetus amid holiday-thinned markets.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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